3 years ago

7. Tiara went to the nail

Mathematics

1 answer:

Arlecino [84]3 years ago

3 0

It would be 50 dollars the top person is correct

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4 years ago

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Nolan Walker decided to buy a used snowmobile since his credit union was offering such low interest rates. He borrowed $2,700 at

stealth61 [152]

Using the formula for simple interest, it is found that he paid $119.87 in interest.

The<u> simple interest formula</u> is given by:

$E = PIt$

E is the amount of interest earned.
P is the principal(the amount of money invested).
I is the interest rate(yearly, as a decimal).
t is the time, in years.

In this problem:

Borrowed $2,700, thus $P = 2700$
Interest rate of 3.5%, thus $I = 0.035$
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Thus, the interest paid was of:

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$119.87.

A similar problem is given at brainly.com/question/9593067

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